Vectors Research Management LLC Sells 4,979 Shares of Iron Mountain Incorporated (NYSE:IRM)

Vectors Research Management LLC reduced its stake in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,453 shares of the financial services provider's stock after selling 4,979 shares during the period. Iron Mountain accounts for approximately 1.4% of Vectors Research Management LLC's portfolio, making the stock its 19th biggest holding. Vectors Research Management LLC's holdings in Iron Mountain were worth $4,042,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Key Financial Inc raised its holdings in Iron Mountain by 25,100.0% in the 4th quarter. Key Financial Inc now owns 252 shares of the financial services provider's stock worth $26,000 after acquiring an additional 251 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Iron Mountain in the fourth quarter valued at about $26,000. IMG Wealth Management Inc. bought a new position in shares of Iron Mountain in the fourth quarter worth about $26,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Iron Mountain by 46.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 489 shares of the financial services provider's stock worth $51,000 after purchasing an additional 155 shares during the last quarter. Finally, Parkworth Wealth Management Inc. bought a new stake in Iron Mountain during the 4th quarter valued at approximately $53,000. Institutional investors and hedge funds own 80.13% of the company's stock.

Iron Mountain Trading Up 3.1 %

Shares of Iron Mountain stock traded up $2.65 during mid-day trading on Friday, reaching $87.97. 2,097,976 shares of the stock were exchanged, compared to its average volume of 2,115,145. Iron Mountain Incorporated has a fifty-two week low of $72.33 and a fifty-two week high of $130.24. The company has a market cap of $25.95 billion, a price-to-earnings ratio of 144.21, a price-to-earnings-growth ratio of 5.15 and a beta of 0.97. The firm has a 50-day simple moving average of $86.20 and a 200 day simple moving average of $103.49.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.70). The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. Iron Mountain had a negative return on equity of 401.83% and a net margin of 2.95%. During the same period in the previous year, the business posted $0.52 EPS. On average, research analysts predict that Iron Mountain Incorporated will post 4.54 EPS for the current fiscal year.

Iron Mountain Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were issued a dividend of $0.785 per share. This represents a $3.14 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend was Monday, March 17th. This is a boost from Iron Mountain's previous quarterly dividend of $0.72. Iron Mountain's dividend payout ratio is presently 514.75%.

Insider Activity

In other Iron Mountain news, CEO William L. Meaney sold 69,125 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $99.83, for a total value of $6,900,748.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William L. Meaney sold 172,552 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $91.33, for a total transaction of $15,759,174.16. Following the transaction, the chief executive officer now owns 237,402 shares in the company, valued at $21,681,924.66. The trade was a 42.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 318,973 shares of company stock worth $29,370,872. 2.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on IRM shares. Barclays cut their price target on Iron Mountain from $130.00 to $118.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. Wells Fargo & Company decreased their price target on shares of Iron Mountain from $135.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. cut their price objective on shares of Iron Mountain from $125.00 to $112.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Truist Financial initiated coverage on Iron Mountain in a research note on Tuesday, April 8th. They issued a "buy" rating and a $95.00 target price for the company. Finally, StockNews.com upgraded shares of Iron Mountain from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $121.29.

Iron Mountain Profile

Iron Mountain Incorporated NYSE: IRM is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.